Amid the world’s enormous challenges, there have been growing calls for accelerating digitization to address those challenges optimally. Digitizing records, for instance, saves money over the long term. Additionally, digitization increases efficiency, protects records no matter what natural disaster, theft, or loss happens, and makes record retrieval seamless while modernizing the organization to current market standards. It has also affected the way governments operate and deliver public services. Overall, digitization promotes peace and stability, bolsters economic and human development as well as connects the world for greater opportunities.
Peace and stability
Digitization has drastically changed communication in many ways, enabling faster and more efficient information exchange and better collaboration. When a government has an efficient communication structure in place, it is able to ward off turbulence and emerging crisis. The failure to have efficient communication tools to engage the general public can agitate them, prompting them into violence. As such, digitization is instrumental in maintaining peace and security.
Economic and human capital development
New technologies have enormously transformed economies, particularly in the developed world. Digitization has recently become a key economic driver that accelerates growth and facilitates job creation. Digitalization speeds up development, helps economic growth, brings people closer together and enables better use of resources. According to Milojko Arsic, who wrote an article entitled “Impact Of Digitalisation On Economic Growth, Productivity And Employment,” since the industrial revolution, technological innovations have enabled a rise in productivity, employment, the standard of living and the total population several times. He noted that experts believe that the impact in the future will be even more significant.
Connecting the world
There is an exponential increase in connectivity among people across the globe, a reality that created what is now well-known as the “global village.” Digitization has connected the world like never before, maximizing business and investment opportunities; hence, governments need to prioritize it as a key policy component in order to attract direct foreign investments.
Many aspects of the global governmental, educational, economic and healthcare systems have been adversely impacted by COVID-19, highlighting the need for accelerating digitization, particularly by governments.